Mobile Home Parks for Sale in Indiana

Mobile home parks in Indiana rarely reach public listing sites. Most change hands off-market, through brokers who already know the owners.

If you own a park here and want to know what it is worth, a free evaluation is the usual first step — it establishes a value range before you decide whether to go to market at all.

4 for sale in Indiana

Vista Grande MHP

$1.2M

Terre Haute

<h3></h3><h3>Investment Highlights</h3>Property Highlights<ul><li> 23 Total Mobile Home Pads</li><li> 100% Occupancy</li><li> 2 Park-Owned Homes (POH)</li><li> City Water & City Sewer</li><li> Metron Sub-Metering Installed</li><li> Direct-Billed Electric & Gas</li><li> Trash Included in Lot Rent</li><li> On-Site Manager (Receives Free Lot Rent)</li></ul>Rental Information<ul><li> Lot Rent: $400/month</li><li> Trash Included</li><li> Park-Owned Home Rents:</li><li>○ Home #1 — $620/month (All Utilities Included)</li><li>○ Home #2 — $748/month (All Utilities Included)</li><li> Residents reimburse water and sewer usage through the existing Metron sub-metering system, including a $5 monthly administrative fee per resident</li></ul>Value-Add Opportunities<ul><li> Increase below-market lot rents over time</li><li> Optimize Park-Owned Home rental rates</li><li> Continue maximizing utility reimbursement through existing Metron infrastructure</li><li> Improve overall NOI through operational efficiencies</li></ul>Market Overview<ul><li> Population: Approximately 58,500</li><li> Median Household Income: ~$41,960</li><li> Diverse employment base supported by:</li><li>○ Healthcare</li><li>○ Higher Education</li><li>○ Advanced Manufacturing</li><li>○ Distribution & Logistics</li><li>This market continues to experience significant public and private investment, including more than $34 million in ARPA and federal Infrastructure Investment funding, supporting infrastructure improvements, industrial expansion, and new manufacturing facilities. These investments continue to strengthen the local economy while increasing long-term demand for affordable housing.</li></ul>Investment Highlights<ul><li> High Occupancy Community</li><li> Immediate Cash Flow</li><li> City Utilities with Existing Utility Bill-Back Program</li><li> Built-In Rental Growth Potential</li><li> Additional Income from Park-Owned Homes</li><li> Located in a Growing Midwest Employment Market</li><li> Excellent Regional Access to Major Employment Centers</li><li> Professionally Positioned for Long-Term Appreciation</li></ul>

23 sites4 acres

Shady Rest MHP

$950K

AndersonMadison County

TO VIEW FINANCIALS, CLICK **VIEW OM” OR “SEE DUE DILIGENCE”, SIGN THE CONFIDENTIALITY AGREEMENT, AND YOU WILL HAVE IMMEDIATE ACCESS”. CONTACT LOGAN WHITE WITH ANY QUESTIONS LOGAN@MHPVALUE.COMThe MHP Value Team is pleased to offer for sale Shady Rest Mobile Home Park, a 24-pad mobile home community located in Anderson, Indiana, within the greater Indianapolis metropolitan area. Seller financing is available with $300,000 down, a 5% interest rate, interest-only payments, and a three-year balloon, providing attractive leverage and strong initial cash flow.The community is a stable asset currently operating at approximately 66% occupancy and consists of 14 park-owned homes, two tenant-owned homes, one vacant park-owned home, one single-family home, three garages, four sheds, and seven vacant lots with full infrastructure in place. The single-family home is included within the parcel and, if separately parceled, is estimated to have a standalone value in excess of $200,000.Average rents are approximately $305 per lot and $943 for park-owned homes. The property is serviced by city water and sewer. Each home is individually sub-metered for electricity; however, the owner currently pays all electric costs, creating a clear operational inefficiency. Rents are estimated to be $75–$100 below market, providing additional upside.The investment strategy for this community involves a light, high-impact value-add approach, primarily through the implementation of direct electric billing. With sub-meters already installed, a new owner can shift electric costs to residents with minimal capital investment, resulting in an immediate reduction in operating expenses and a meaningful increase in NOI. Additional upside includes modest rent increases, conversion of park-owned homes to tenant-owned homes to reduce maintenance exposure, and infill of the seven vacant lots.A new investor has the opportunity to acquire a stabilized, lightly value-add mobile home park with high-impact expense reduction potential, multiple income streams, and strong location fundamentals due to its proximity to Indianapolis, Muncie, and Noblesville. This offering provides attractive long-term cash flow potential in a market supported by regional employment growth and sustained demand for affordable housing.Important Note to Prospective Buyers from Pace Morby: Congrats to all new members of the Pace Morby “Creative Finance” and “Subto” communities. We appreciate your interest and enthusiasm. Please note that we work exclusively with qualified, verified buyers. Our clients are not seeking first-time purchasers attempting to acquire mobile home parks with no capital investment. We will also not share proprietary Seller information with any intermediaries, including, but not limited to, scouts, “bird dogs,” or third parties.

2.58 acres

Confidential Indiana MHP

$429K

Indiana

This 6-pad community, along with two duplex buildings, offers a total of 10 units and is being offered as part of a portfolio currently undergoing refinance if not sold prior. The property is serviced by city water and city sewer, with all utilities—including water, electric, gas, and trash—directly billed to tenants, helping maintain low operating expenses. All mobile homes are park-owned with rents ranging from $675 to $800 per month, while the duplex units generate between $500 and $900 per month. The asset provides a stable income stream with a diversified unit mix.Additional details available upon request. No seller financing is available.(Jonathan Fisher is a licensed IN managing broker under MR. LANDMAN, LLC, IN License #RB18000549.)

10 sites

3471 W Pin Oak

$350K

MadisonJefferson County

Excellent investment opportunity in Madison, Indiana! This mobile home park features 8 total rental spots along with an additional single-family home and garage located on the property, providing multiple income streams. The park offers strong upside potential for investors looking to stabilize, improve, or expand cash flow in a growing Southern Indiana market.Conveniently located near local amenities, employment centers, and major routes, this property is well-positioned for consistent demand. Whether you are an experienced investor or looking to add a solid performing asset to your portfolio, this property offers flexibility and long-term income potential. Value-add opportunities may include rental increases, infill optimization, and operational improvements. A rare chance to acquire a multi-unit income property with diversification built in. Approximant boundary lines.

Frequently Asked Questions

How do I find out what my Indiana mobile home park is worth?▾

Request a free evaluation through Parkvestor. An independent partner brokerage reviews your park's income, space count, and local market comparables and returns a valuation range at no cost. Parkvestor may receive a referral fee if you later transact.

What drives mobile home park values in Indiana?▾

Occupancy, lot rent relative to the local market, whether the park is on public utilities, and the share of park-owned versus tenant-owned homes. Deferred infrastructure — particularly private water and sewer — is usually the largest single adjustment to price.

Are there mobile home parks for sale in Indiana right now?▾

Yes — Parkvestor currently lists 4 mobile home parks for sale in Indiana. Request full financials on any listing for a direct introduction to the listing broker, free and with no account required.

Can I sell my mobile home park without listing it publicly?▾

Yes. Many park sales in Indiana are handled off-market to avoid unsettling residents or staff. A free evaluation is the usual first step — it establishes a value range before you decide whether to go to market at all.

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